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PX, PTA & MEG trends shed gains

20
Dec '11
Paraxylene (PX) prices declined, in Asian markets. In S E Asian market PX prices were at US$ 1460/ton. In F E Asian and S E Asian region, PX prices went down to between US$ 1455/ton to US$ 1465/ton. PX imported from Taiwanese market was quoted around US$ 1460/ton.

In Asian markets, PTA price declined. In F E Asian and S E Asian region, PTA prices were in between US$ 1070/ton to US$ 1075/ton. PTA imported from Taiwanese market was quoted around US$ 1070/ton. In Chinese domestic market, PTA price was around RMB 8350/ton to RMB 8450/ton.

In S E Asian market, Ethylene price did not change and stayed in the range of around US$ 1090/ton to US$ 1095/ton. In F E Asian market, price was in the range of US$ 1090/ton to US$ 1095/ton. In N W European market, Ethylene price was at US$ 1180/ton (on CIF base). In U.S.A market, Ethylene price was in the range of 52.00 cents/pound to 52.55 cents/pound.

MEG price declined at slower pace in S E Asian markets and was offered in the range of US$ 1075/ton to US$ 1080/ton. In Chinese domestic market, MEG price was in the range of RMB 8250/ton to RMB 8325/ton.

In S E Asian region, BG PET Chips price was stable in the range of US$ 1560/ton to US$ 1570/ton. In F E Asian markets, selling offers were around US$ 1560/ton for export goods. In Chinese market, BG PET Chip offered at RMB 11300/ton.

In Korean markets, FG PET Chips price was in the range of US$ 1415/ton to US$ 1420/ton and in Indian market, FOB based price was assessed in the range of US$ 1425/ton to US$ 1435/ton. In Chinese market, FG PET Chip hovered at RMB 10450/ton to RMB 10550/ton. PET Chip is going to remain firm in near term.

PSF price turned softer, in Asian market. PSF offers hovered in the range of US$ 1605/ton to US$ 1615/ton. In S E Asian market, PSF offers were around US$ 1610/ton. In Chinese domestic market, PSF offers were stable around RMB 11100/ton to RMB 11250/ton.

Polyester POY prices in Chinese domestic market remained stable. POY price was around RMB 11850/ton. FDY and DTY selling offers were at RMB 12400/ton to RMB 13300/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1610/ton, US$ 1675/ton and US$ 1800/ton, respectively.

Editorial Note:
Polyester value chain is expected to remain range-bound in the short-term. Market speculators are keeping a close eye on market movements. Buyers and sellers are a bit hesitant due to prevailing uncertainty in the market.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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